Green Thumb Industries (OTCMKTS:GTBIF) Trading Down 4.9% - What's Next?

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s share price was down 4.9% on Monday . The company traded as low as $6.21 and last traded at $6.24. Approximately 214,281 shares changed hands during trading, a decline of 50% from the average daily volume of 429,326 shares. The stock had previously closed at $6.56.

Green Thumb Industries Stock Down 0.4%

The business has a 50-day moving average price of $5.41 and a two-hundred day moving average price of $6.14. The firm has a market cap of $1.21 billion, a PE ratio of 27.14 and a beta of 1.18.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Green Thumb Industries had a return on equity of 2.82% and a net margin of 4.41%. The company had revenue of $279.54 million for the quarter, compared to analysts' expectations of $283.36 million. On average, equities research analysts predict that Green Thumb Industries Inc. will post 0.32 earnings per share for the current fiscal year.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.